Partners Group, EnfraGen enter agreement for 118 MW renewable energy projects in Panama and Costa Rica

EnfraGen, a renewable energy developer and operator owned by Glenfarne Energy Transition, LLC, and Partners Group have entered into an agreement to acquire six assets in Panama and Costa Rica with a combined capacity of 188 MW from Grupo Argos subsidiary, Celsia S.A.

The transaction includes the acquisition of EnfraGen’s first wind and Costa Rican asset. The renewable power facilities in the transaction are:

• Dos Mares Hydro Complex (DMA): a three run-of-river (ROR) downstream hydro plants in Panama totaling 119.0 MW of installed capacity;
• Prudencia and Divisa (Solar Plants): two solar PV plants in Panama totaling 19.7 MW of installed capacity;
• Guanacaste Wind Farm (PEG): one wind installation located in Costa Rica totaling 49.5 MW of installed capacity.

Upon closing of the transaction, EnfraGen’s operational and in-construction assets will total over 2.1 GW of capacity across Chile, Panama, Colombia, and Costa Rica with corporate offices located in Houston and New York in the United States. EnfraGen most recently acquired four run-of-river hydropower assets in southern Chile, totaling 13.6 MW.

Paul Hastings LLP, SIGMA Law Firm in Panama, and Dentons Muñoz in Costa Rica acted as legal advisors for EnfraGen.